Taking out 401k loan.

[DeMarrius Payne]

What are your thoughts on borrowing from 401k to fund first deal? Im still young so long term retirement is not a focus of mine right now. Besides, I would rather invest in real estate for retirement. My thoughts right now is to borrow from 401k to cover costs with a hard money lender. Your thoughts?

[Linda S.]

I use my 401K to fund our second deal, and it worked out great!  You can only take 50% of the balance, and if it's not for your primary residence, you have to pay it back quicker (5 vs. 10 yrs i think?).    It's automatically deducted,  so there's no additional stress.      Another alternative is to get a personal loan.   Good luck!